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Importance of demo trading
Jan 10, 2022 at 07:46
Akasuki posted:AliaDare posted:
Demo account provides fake money which is very best to practice. Demo platform is very important for developing knowledge.
Demo trading isn't for those who are proficient in trading. Demo accounts allow us to test our strategies and strategies. We can gain knowledge on how to implement our strategies through a demo.
Of course, demo trading is a platform where the trader can develop his career. Knowledge of live trading can be gained by trading on this platform.
Mitglied seit Apr 18, 2019
28 Posts
Jan 12, 2022 at 08:48
Lots of new traders neglect demo trading, because they suppose that they have to start off from a real account, because only in this case they will be able to earn money. Actually, some traders can be successful without demo trading, nevertheless, the vast majority of traders is obliged to start off from demo account. It teaches them how to understand all the moves on the market. The main goal of demo account is to meet a trader with the techniques of trading. I believe that traders should try to stay on demo at least couple of days, in order not to have difficulties on the real account actually.
Mitglied seit Jun 12, 2021
132 Posts
Jan 12, 2022 at 08:52
the demo account can bring good experience if you focus greatly , otherwise the knowledge from demo can be useless.
Mitglied seit Oct 01, 2022
51 Posts
Dec 07, 2022 at 10:09
Andromaris posted:
Lots of new traders neglect demo trading, because they suppose that they have to start off from a real account, because only in this case they will be able to earn money. Actually, some traders can be successful without demo trading, nevertheless, the vast majority of traders is obliged to start off from demo account. It teaches them how to understand all the moves on the market. The main goal of demo account is to meet a trader with the techniques of trading. I believe that traders should try to stay on demo at least couple of days, in order not to have difficulties on the real account actually.
thanks for your nice detail , got some fine line.
Mitglied seit Nov 29, 2022
40 Posts
Dec 09, 2022 at 09:16
Demo trading is good because it gives the trader time to figure out which style they wish to trade in. It also gives them an overall idea of what to do during the process so they don’t find themselves lost during live trading. Practice is important.
Dec 16, 2022 at 09:30
Before trading on a live account, trading on a demo account makes a trader learn how to interpret charts and analyse the market. It also helps traders with learning trading psychology and risk management and refining their trading strategy.
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